Legal & General Group Plc boosted its holdings in Peabody Energy Co. (NYSE:BTU) by 28.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,302 shares of the coal producer’s stock after buying an additional 3,616 shares during the quarter. Legal & General Group Plc’s holdings in Peabody Energy were worth $473,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. TD Asset Management Inc. raised its position in Peabody Energy by 1.6% in the 3rd quarter. TD Asset Management Inc. now owns 488,788 shares of the coal producer’s stock worth $14,180,000 after buying an additional 7,546 shares during the last quarter. South Dakota Investment Council raised its position in Peabody Energy by 33.0% in the 3rd quarter. South Dakota Investment Council now owns 778,031 shares of the coal producer’s stock worth $22,571,000 after buying an additional 192,845 shares during the last quarter. American International Group Inc. raised its position in Peabody Energy by 35.6% in the 3rd quarter. American International Group Inc. now owns 41,336 shares of the coal producer’s stock worth $1,199,000 after buying an additional 10,852 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Peabody Energy by 4.9% during the 3rd quarter. Van ECK Associates Corp now owns 115,841 shares of the coal producer’s stock valued at $3,361,000 after purchasing an additional 5,444 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Peabody Energy during the 3rd quarter valued at about $659,000. 93.97% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on BTU. FBR & Co boosted their price target on Peabody Energy from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded Peabody Energy from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Monday, December 4th. ValuEngine downgraded Peabody Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Jefferies Group began coverage on Peabody Energy in a research note on Tuesday, November 14th. They set a “buy” rating and a $38.00 price target for the company. Finally, B. Riley restated a “buy” rating and set a $49.00 price target on shares of Peabody Energy in a research note on Tuesday, January 23rd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $41.20.
Shares of Peabody Energy Co. (NYSE BTU) traded up $0.60 during trading hours on Friday, hitting $40.91. The company had a trading volume of 596,059 shares, compared to its average volume of 854,377. The company has a quick ratio of 1.47, a current ratio of 1.75 and a debt-to-equity ratio of 0.60. Peabody Energy Co. has a 52 week low of $22.58 and a 52 week high of $41.09.
Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Wednesday, October 25th. The coal producer reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.14. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. Peabody Energy had a return on equity of 19.92% and a net margin of 4.60%. The firm’s revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the company posted ($7.53) EPS. sell-side analysts expect that Peabody Energy Co. will post 9.72 earnings per share for the current year.
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Peabody Energy Company Profile
Peabody Energy Corporation is a coal company. The Company’s segments include Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. Its Powder River Basin Mining operations consist of its mines in Wyoming.
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